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Property Database

240 Albany St

Property Information

Property Class Charitable Svc
State Class Code 957
Zoning (Unofficial) SD-8
Map/Lot 54-7
Land Area (sq. ft) 27,320

Property Value

Year of Assessment2025
Tax DistrictC3
Residential ExemptionNo
Building Value$2,439,100
Land Value$2,273,600
Assessed Value$4,712,700
Sale Price$12,750,000
Book/Page/
Sale DateMarch 31, 1970
Previous Assessed Value$4,837,200

Owner Information

Owner(s)MASSACHUSETTS INSTITUTE OF TECHNOLOGY
C/O MIT INVESTMENTS MANAGEMENT CO
ONE BROADWAY, SUITE 09-200
CAMBRIDGE, MA 02142

Building Information

Commercial Building Number 1, Section 1

Exterior
StyleGEN-OFFICE
Occupancy Charitable Svc
Number of Stories1
Exterior Wall Type
Roof Material
Wall Height 12
Partititions AVERAGE
Interior
Living Area (sq. ft.)11,433
Number of Units 0
Systems
Heat TypePACKAGE-A/C
Heat Fuel Gas
Plumbing AVERAGE
Condition & Grade
Year Built1900
Overall ConditionAverage
Overall GradeGood
Subareas
Code Description Gross Area Living Area
BAS First Floor 11,433 11,433
Total: 11,433 11,433

Photos

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Sketches

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Related Information

  • GIS Map of this Property
  • No Sales with comparable location and/or physical attributes were found. Assessments are based on a market analysis of all valid sales for the subject's property class and the sales displayed are for comparison purposes only.
This page contains much of the information used by the City of Cambridge to assess properties. The purpose of this information is to be used only for ad valorem taxation purposes and any other use is therefore not valid.
Page was last modified on 7/24/2023 9:46 PM
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